ZH

Zhihu
ZH

Overview Fund Activity

61 hedge funds and large institutions have $71.9M invested in Zhihu in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 14 increasing their positions, 22 reducing their positions, and 8 closing their positions.

Holders
61
Holders Change
+4
Holders Change %
+7.02%
% of All Funds
0.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
14
Reduced
22
Closed
8
Calls
$38K
Puts
$1.27M
Net Calls
-$1.23M
Net Calls Change
+$175K

Top Buyers

1
Norges Bank
1
Norges Bank
Norway
$6.04M
2
Acadian Asset Management
2
Acadian Asset Management
Massachusetts
$13.6M
3
JPMorgan Chase & Co
3
JPMorgan Chase & Co
New York
$527K
4
EFMH
4
E Fund Management (HK)
Hong Kong
$778K
5
EFM
5
E Fund Management
China
$778K

Top Sellers

1
Fidelity International
1
Fidelity International
Bermuda
$1.94M
2
Vanguard Group
2
Vanguard Group
Pennsylvania
$7.3M
3
Citadel Advisors
3
Citadel Advisors
Florida
$427K
4
MAMHA
4
MY.Alpha Management HK Advisors
Hong Kong
$5.43M
5
Group One Trading
5
Group One Trading
Illinois
$319K
Name Market Value Shares Shares
Change 		Shares
Change %
DACS
26
Dymon Asia Capital (Singapore)
Singapore
$329K 82,700 – –
Group One Trading
27
Group One Trading
Illinois
$319K 80,154 -329,005 -80%
California Public Employees Retirement System
28
California Public Employees Retirement System
California
$310K 77,850 -7,049 -8%
BNP Paribas Financial Markets
29
BNP Paribas Financial Markets
France
$308K 77,331 -938 -1%
Mackenzie Financial
30
Mackenzie Financial
Ontario, Canada
$275K 69,095 +69,095 New
HSBC Holdings
31
HSBC Holdings
United Kingdom
$259K 65,139 +35,681 +121%
American Century Companies
32
American Century Companies
Missouri
$249K 62,501 +62,501 New
BlackRock
33
BlackRock
New York
$244K 61,182 +43,035 +237%
GCP
34
GSA Capital Partners
United Kingdom
$234K 58,862 +58,862 New
SEI Investments
35
SEI Investments
Pennsylvania
$229K 57,617 – –
New York State Common Retirement Fund
36
New York State Common Retirement Fund
New York
$208K 52,144 – –
DT
37
Diversified Trust
Tennessee
$182K 45,739 +45,739 New
EWM
38
Empirical Wealth Management
Washington
$172K 43,207 +30,409 +238%
YIH
39
Y-Intercept (HK)
Hong Kong
$169K 42,431 +42,431 New
XT
40
XTX Topco
Cayman Islands
$153K 38,435 +38,435 New
Simplex Trading
41
Simplex Trading
Illinois
$141K 35,582 -59,512 -63%
Invesco
42
Invesco
Georgia
$135K 33,953 -1,103 -3%
UBS Group
43
UBS Group
Switzerland
$125K 31,367 -158,927 -84%
Citigroup
44
Citigroup
New York
$124K 31,116 +9,888 +47%
Russell Investments Group
45
Russell Investments Group
United Kingdom
$113K 28,805 +10,186 +55%
Ameriprise
46
Ameriprise
Minnesota
$99.5K 25,006 +25,006 New
QC
47
Quadrature Capital
United Kingdom
$84.1K 21,108 +21,108 New
Two Sigma Advisers
48
Two Sigma Advisers
New York
$52.8K 13,266 +1,300 +11%
Wolverine Trading
49
Wolverine Trading
Illinois
$43.5K 11,057 -35,195 -76%
PAS
50
Point72 Asia (Singapore)
Singapore
$23.2K 5,839 +3,314 +131%
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